Silver Oak Securities Incorporated Grows Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Silver Oak Securities Incorporated lifted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1,449.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,271 shares of the company’s stock after purchasing an additional 11,479 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Archer-Daniels-Midland were worth $886,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of Archer-Daniels-Midland in the third quarter worth about $28,000. Tompkins Financial Corp purchased a new position in shares of Archer-Daniels-Midland in the third quarter worth about $28,000. Legacy Financial Group LLC purchased a new position in shares of Archer-Daniels-Midland in the third quarter worth about $30,000. Operose Advisors LLC purchased a new position in shares of Archer-Daniels-Midland in the third quarter worth about $30,000. Finally, Strengthening Families & Communities LLC raised its stake in shares of Archer-Daniels-Midland by 37.3% in the third quarter. Strengthening Families & Communities LLC now owns 641 shares of the company’s stock worth $48,000 after purchasing an additional 174 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

Shares of NYSE:ADM opened at $60.32 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.95. The business’s 50 day moving average price is $59.07 and its 200-day moving average price is $65.13. The firm has a market capitalization of $30.27 billion, a PE ratio of 9.39 and a beta of 0.77. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.30.

Archer-Daniels-Midland announced that its Board of Directors has initiated a share buyback program on Tuesday, March 12th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

ADM has been the topic of several analyst reports. Argus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Stifel Nicolaus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating and dropped their target price for the stock from $116.00 to $56.00 in a report on Monday, January 22nd. StockNews.com lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Roth Capital lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, BMO Capital Markets dropped their target price on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $67.50.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.